So ends free markets in the EU. Europe is full of old-school wealthists without the means or economic mobility to create new wealth. Two things. First there seems to be a zero-sum fallacy that EU falls trap to that the US doesn't. I believe in the "rising tide lifts all boats" theory of the economy.

In the US, capping executive pay is ridiculous. That lowest-paid staff is less than 15x or 100x less valuable to the company and less productive. Cite Sackman, Erikson, and Grant (1968).Plus, if you play the long tail, there's tons of CEOs of small and medium sized businesses that need those incentives to grow into large businesses. These high profile reactionary crap is just in response to the top 1% of 1% of executive pay. But more importantly, not all work is equal. If a company overpays its executives, it's the board's responsibility to make sure it's in line with it's revenues and general company health. Not public governments who have no inner working experience with it. Finally, I wonder how they'll cap pay for movie stars, rock stars, NFL stars, NBA stars, PGA stars, etc.